AEGIR-Marine Appoints New CEO
AEGIR-Marine has announced the appointment of Peter Ritskes as its new Chief Executive Officer, effective July 1st, 2025. Peter succeeds Jaap de Lange, who led the company withdedication and vision over the past five years.Under Jaap’s leadership, AEGIR-Marine strengthened its position in the global maritime industry, expanding its network with new offices in the Americas, Dubai, Greece, and Türkiye. He alsospearheaded several key developments, including the formation of a supply chain department, restructuring of product groups, and a cultural awareness program.
European Shipowners Represent 35% of Global Fleet
The European Shipowners organization has released a Deloitte study on EU Shipping Competitiveness and a CE Delft study on the economic value of European shipping, both highlighting the importance of the sector.European shipping represents a geopolitical asset for Europe facilitating the export and import of goods, food and energy, a Deloitte study finds.Whilst the EU represents around 15% of the global GDP, the European shipping fleet is one of the largest in the world, representing around 35% of the world fleet in terms of global tonnage across all segments, a CE Delft study finds.
Seaspan Shipyards Inks Deal to Build Polar Icebreaker
A new era in Canadian shipbuilding is underway as Seaspan Shipyards has been awarded the contract to build one of the Canadian Coast Guard’s (CCG) next-generation heavy polar icebreakers. This landmark project, part of the National Shipbuilding Strategy (NSS), will reinforce Canada’s Arctic sovereignty, economic development, and scientific research capabilities while marking a historic revival of domestic polar shipbuilding.“Today’s contract signing is the next step in our journey of fulfilling the vision of the National Shipbuilding Strategy…
Trump's Tariffs a Boost for European and Asian Refiners
U.S. President Donald Trump's trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive advantage against their U.S. rivals, analysts and market participants told Reuters.Trump on Saturday ordered 25% tariffs on Canadian and Mexican imports and 10% on goods from China starting on Tuesday to address a national emergency over fentanyl and illegal aliens entering the U.S., White House officials said. Energy products from Canada will have only a 10% duty…
Link Industries Acquires Naval Equipment Maker
Fratelli Cosulich Group, via its subsidiary Link Industries S.p.A., acquired Schiavetti Enzo S.r.l., with Enzo Schiavetti remaining as a partner and CEO. The company, based in Genoa and operational since 1870, produces and sells of hardware products for the naval and nautical industries. Over the years, it has focused on the design and trade of hardware products for the naval and nautical sectors. The portfolio includes a wide range of solutions related to the world of doors and naval furnishings…
Seaspan Shipyards Contributes More Than $5.7 Billion to Canada’s GDP
Under the National Shipbuilding Strategy (NSS), Seaspan Shipyards has contributed more than $5.7 billion to Canada’s GDP through its shipbuilding and repair, refit, and maintenance activities and will contribute an additional $20.7 billion to Canada’s GDP through 2035, according to a recent socio-economic study conducted by Deloitte Canada. The report highlights the significant economic benefits of rebuilding the shipbuilding industry in Canada since the introduction of the NSS.In addition to the GDP contributions made by Seaspan over the last 12 years…
Port of Rotterdam Names Siemons Interim CEO
Boudewijn Siemons will become interim CEO of the Port of Rotterdam Authority effective July 15, 2023, taking the reins from Allard Castelein, who is stepping down as CEO this summer after nearly a decade in the position.Siemons, who currently serves as the port's COO, will combine both positions until a new CEO has been appointed.In addition, Vivienne de Leeuw will stay on as CFO. Her term of office has been extended by four years.Miriam Maes, chair of the Supervisory Board, said, "The process of finding a new CEO is still in progress.
Insurance Insights: WTW Launches Forum to Mitigate Growing Port, Terminal Risk
Ports and terminal operators are entering a new era where the operational threats they face – both old and new – will make a return to ‘business as usual’ increasingly unlikely, even once the pandemic finally subsides.Transition to new technologies and digitally enabled systems, addressing the impact of climate change, defending against cyberattacks and shifting geopolitics will couple with traditional supply chain and operational risks to change the face of the sector.According to Global Port Trends 2030…
TT Club Taps Blunsum as Chief Technology Officer
Freight and logistics insurer TT Club said it has appointed Kevin Blunsum as its first Chief Technology Officer.Blunsum is a highly experienced and well-respected member of the London-market insurance community. Over his 30-year career he has held a variety of positions engaged in insurance technology development and change management with Deloitte, EY, Accenture, and more recently with Aspen Insurance as Director of Business Transformation.Blunsum will be working closely with Lisa Gibbard…
UK Regulator Asked to Sanction Carnival Over Climate Disclosures
Britain’s markets regulator has been urged to sanction cruise ship company Carnival and food delivery company Just Eat Takeaway.com for poor disclosures in a complaint seen by Reuters.Both companies have breached their legal obligations by failing to adequately tell investors the risk climate change poses to their businesses, legal NGO ClientEarth said.While the Financial Conduct Authority has yet to sanction a company over its climate disclosures, the latest ClientEarth complaint…
World’s First Large Containership Converted to LNG Propulsion
The 15,000 TEU Brussels Express is the first large containership in the world to have been converted to liquefied natural gas (LNG) propulsion, German shipping company Hapag-Lloyd said on Monday, as operators look to LNG fuel to reduce their environmental footprint.In September 2020, the ship went into the Huarun Dadong Dockyard in Shanghai where the conversion was performed. MAN Energy Solutions converted the ship's MAN B&W 9S90ME-C engine, which was previously operated with heavy fuel oil (HFO)…
Russia's First LNG Bunkering Ship Completes Sea Trials
Russia’s first ship designed to run on liquefied natural gas (LNG) and fuel other vessels with LNG has completed its sea trials, energy firm Gazprom Neft reported on Friday.The Dmitry Mendeleev is expected to enter Gazprom Neft’s fleet in the second half of this year, the company said.“The next stage will be the testing of systems for loading, storing and discharging of LNG,” it said.The Dmitry Mendeleev is an Arc4 ice-class vessel which will be able to transport up to 5,800 cubic meters of LNG. It will operate in ports on the Gulf of Finland and the Baltic Sea, including St.
Op/Ed: All Hands On Deck to Tackle Decarbonization Today
Without action from the shipping sector to decarbonize, the sector will be responsible for approximately 17% of global CO2 emissions by 2050. And given the scale of the change required, we must address this now. Across the industry, many are wrestling with what steps to take to drive their decarbonization journeys.Last year, Shell and Deloitte published a joint report, Decarbonizing Shipping: All Hands on Deck, assessing the key factors affecting decarbonization of the shipping sector.
Shell Outlines Plans for Decarbonized Shipping
It will take well-defined goals and a mix of new green technologies to meet the International Maritime Organization's (IMO) target to achieve net-zero shipping emissions by 2050, oil major Shell said in a newly published report.In the report, Decarbonizing Shipping: Setting Shell’s Course, Shell highlights the role that hydrogen and fuel cells could play in achieving a decarbonized shipping sector. Calling for the IMO to adopt a clear trajectory to net-zero emissions by 2050,…
Port of Los Angeles Imports Soar
Port of Los Angeles container volumes hit an all-time high in August, as importers restocked warehouses and retailers prepared for the upcoming holiday season, but officials warned that uncontrolled spread of COVID-19 remains an economic threat."The future of the economy really depends on the future of the pandemic, and the path of the virus right now continues to be the biggest uncertainty," said Jonathan Gold, vice president of supply chain and customs policy at the National Retail Federation.Total volume at the busiest U.S.
Enger Named CEO of Höegh Autoliners
Andreas Enger will replace Thor Jørgen Guttormsen as CEO of Höegh Autoliners effective September 8, 2020.Enger has served as an advisor to Höegh Autoliners for more than a year and became CFO in September 2019.Prior to joining Höegh Autoliners, he was a partner at Deloitte, leading its Nordic strategy practice. Earlier in his career Enger was a partner at McKinsey & Co and subsequently held senior executive positions at Norske Skog, PGS and Peterson Packaging. He holds a MSc in Engineering Cybernetics from NTNU in Norway, and an MBA from INSEAD in France.
Chembulk Tankers Announces Leadership Changes
Chembulk Tankers announced on Wednseday that Bart B. Kelleher has taken over as Chief Executive Officer for David Ellis, who has resigned for personal reasons. Ellis will be available to the company through January 31, 2020.Kelleher has held senior executive roles within Chembulk since joining the company in early 2016, initially as Chief Strategy Officer and then Chief Financial Officer in early 2019. Prior to joining Chembulk, Kelleher was the Chief Operating Officer for Principal Maritime Management and held roles in investment banking…
Neptun Werft Lays Keel for AIDAcosma
The first building-block for AIDA Cruises’ second LNG-fueled cruise ship was put in place at the Neptun Werft shipyard in Rostock, Germany.The two trainees, Charleen Hoffmann (AIDA Cruises) and Kenny Schaft (Meyer Werft shipyard) placed the traditional lucky coin beneath the first of a total of 90 blocks.On the occasion of the keel-laying, the name of the new ship and its first routing were announced: the ship will be named AIDAcosma, and will be cruising from Kiel to the Norwegian fjords and the Baltic Sea from summer 2021.Together with the Managing Director of the Meyer Werft shipyard Tim Meyer and the head of the Neptun Werft shipyard in Rostock Manfred Ossevorth…
UK Offshore Wind Attracts Investments
Power companies including Ørsted, Vattenfall, Innogy, SSE and Scottish Power and financial investors such as infrastructure and pension funds are active in UK offshore wind power, said Deloitte.Japan, China and other countries in Asia are also showing increasing interest in the market, it said.With natural advantages including a long coastline, high wind speed and areas of shallow seabed providing desirable conditions for the construction of large offshore wind farms, the UK is the world's leading offshore wind power market.There is 7.9 GW of offshore wind capacity in the UK already and the government has set an ambitious target of over 30 GW by 2030. Accounting for 14.7% of the total power generation, offshore wind power has seen substantial growth in the UK.
Reabold Signs Rig Contract for West Newton Well
UK-based Reabold Resources said Rathlin Energy UK Ltd has signed a rig contract for the onshore UK West Newton appraisal well.The appraisal well at West Newton will have two objectives. The first objective is to appraise the Kirkham Abbey Formation gas discovery which has a 72 per cent. chance of success and an NPV of $185m.The second objective of the well is to test a deeper Cadeby Formation reef flank oil prospect, considered by Rathlin to have an NPV of $850m and a 24 per cent. chance of success.In line with Reabold's investment strategy, West Newton, in a success case, offers a fast pathway to monetisation through its proximity to existing gas pipelines and infrastructure.In 2017…
GC Rieber Shipping Taps Ytredal as CEO
Norwegian offshore shipping company GC Rieber Shipping announced acting chief executive officer Einar Ytredal has appointed to the CEO role on a permanent basis. At the same time, Øystein Kvåle was named new chief financial officer (CFO) and Christoffer Knudsen was promoted to chief commercial officer (CCO).Ytredal was appointed acting CEO in mid-September 2018. He has been with the company since 2007, first as vice president finance and then as CFO since September 2011. Before joining GC Rieber Shipping, Ytredal worked at Deloitte.
OOCL Bags 2018 Singapore Environmental Achievement Award
Orient Overseas Container Line (OOCL) has received the 2018 Singapore Environmental Achievement Award (Regional) at a ceremony held by the Singapore Environment Council’s (SEC) recently.The SEAA (Regional) Award category recognizes local or international companies and organizations with outstanding environmental performance in Asia, and this year, the regional scope has been expanded to welcome companies from Greater China, Japan, South Korea, and ASEAN countries to take part in the awards scheme.In the review and evaluation process, the SEAA Assessment Committee (AC) assigned both the SEC and Deloitte, an international auditing firm…
New CEO Sketches Port of Newcastle Expansion Plans
The new CEO of the Port of Newcastle, Craig Carmody, committed the Port of Newcastle to developing a world-class container terminal to boost jobs and business opportunities in the Hunter region and dramatically reduce the number of trucks on Sydney's roads through expanded use of Newcastle's rail connectivity."The potential for a container terminal in Newcastle to diversify and grow the NSW economy is far bigger than the NSW government seems to realise. We are already exploring a range of options based on global best practice and I am looking forward to discussing our plans with the State government and port developers who have expressed an interest in this exciting project…